Education Trust Fund falls 12.6 percent
Published 11:42 pm Saturday, January 3, 2009
MONTGOMERY — A state Finance Department report shows that tax collections for the Alabama Education Trust Fund fell 12.6 percent in October through December compared with the same period a year earlier.
October through December comprises the first quarter of the state’s 2009 fiscal year, leaving time for improvement.
If trends don’t change, the drop in trust-fund revenues could be the worst since at least 1982.
–The Associated Press